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ERIC JING.
AI startup Genspark valued at $2.6 billion in latest funding roundGenspark.ai secured $100 million in funding, valuing the company at $2.6 billion. This investment underscores strong investor confidence in...- Ant Group's President Han to become CEO in March; Jing to stay as chairmanCyril Han, the current president and financial chief of Ant Group, is set to become the new chief executive starting March 1st. He replaces...
- AI search startup Genspark raises $60 million in seed round to challenge GoogleThe funding is led by Singapore-based fund Lanchi Ventures and valued the startup, currently without revenue, at $260 million. Lanchi Ventu...
- Ant Group reshuffle: Han Xinyi appointed new president in biggest restructuringSome units of Ant Group will set up their own boards of directors to operate more independently, according to a source who saw an internal ...
- Fidelity cuts Ant Group valuation by another 9% to $64 billionAnt has been overhauling its business to comply with government demands, while awaiting a green light to apply for a financial holding comp...
- Elon Musk pitches lofty goals in magazine run by China's Internet censorship agencyElon Musk also mentioned the yet-to-be-seen humanoid Tesla Bot, and suggests that people may potentially be able to buy a robot as a gift i...
- Alibaba lays off nearly 10,000 employees amid poor salesAccording to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimme...
- Jack Ma to give up control of Ant Group: reportMa might transfer his voting power to other Ant officials, including CEO Eric Jing, after which they would collectively control the company.
- Ant Group executives step down from Alibaba PartnershipAnt in a statement said the move was "part of our continuous efforts to enhance corporate governance".
- China's Ant Group CEO leaves after failed IPO prompts revampHu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric...
- Ant Group CEO Simon Hu resigns, Eric Jing to replace himSimon Hu’s resignation as Ant Group CEO comes at a time when the fintech giant is being pushed by regulators to revamp operations after its...
- Super rich get richer on Ant after striking early deals with Jack MaAt least seven tycoons put in almost $700 million combined, with returns that could reach 50% based on Ant’s targeted valuation, according ...
- Berkshire’s Todd Combs set to join Paytm boardCombs is considered Buffett’s successor and as Chief Investment Officer (CIO) led the $300-million investment in Noida-based Paytm in Augus...
- Pallavi Shroff joins Paytm’s board of directorsShroff has over 34 years of experience in representing public and private corporations and other entities before legal institutions.
- Alibaba's financial arm acquires MoneyGramThe company owns Alipay, one of China's biggest online payment platforms and controls the company that manages the country's largest market...
- Alphabet is unlikely to break up: Eric SchmidtSchmidt said Alphabet, the company that owns Google and other businesses like Nest and Fiber, will never break up and its job is to seek ou...
- With Alipay and Paytm, Uber covers China, India and the worldThe San Francisco-based company, which is locked in a fierce battle for market share in China, can now gain access to Alipay’s user base of...
- It pays to back Paytm in India: Eric Jing, Ant Financial Services Group President"India is a very important market for us and we (will) leverage our strategic partner Paytm to grow in the country," Jing says.
- Uber users can soon pay for rides abroad using Paytm walletUber users can now pay for their rides in Indian currency while they travel abroad. The integration process is on and will be live by month...
- Uber, Alipay enter into global partnership; targets growth in China, IndiaInterestingly, Alipay's parent company Alibaba Group Holding owns a stake in Uber rival Didi Kuadi. Didi Kuadi is also an investor in Uber'...
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